Investment Summary

Eight Roads Invests In Cloudant

On October 2, 2012, private equity firm Eight Roads invested in internet software and services company Cloudant

Investment Highlights
  • This is Eight Roads’ 5th transaction in the Internet Software and Services sector.
  • This is Eight Roads’ 20th transaction in the United States.
  • This is Eight Roads’ 8th transaction in Massachusetts.
Investment Fate
  • Cloudant was sold to a publicly-traded strategic buyer in 2014.

Investment Summary

Date 2012-10-02
Target Cloudant
Sector Internet Software and Services
Investor(s) Eight Roads
Deal Type Venture

Target

Cloudant

Somerville, Massachusetts, United States
Cloudant is a database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps. Cloudant was founded in 2008 and is based in Somerville, Massachusetts.

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Investor(S) 1

Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 52 of 293
Sector: Internet Software and Services M&A 5 of 60
Type: Venture M&A Deals 40 of 266
State: Massachusetts M&A 8 of 33
Country: United States M&A 20 of 119
Year: 2012 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 AbsolutData Technologies

Alameda, California, United States

AbsolutData Technologies, Inc. is an AI and Advanced Analytics company serving Global 500 clients. Absolutdata's award-winning NAVIK AI platform and 300 world-class data scientists significantly enhance the ability to engineer superior business outcomes for clients through the use of cutting-edge AI and Analytics. Absolutdata creates scalable business impact for enterprise clients across the globe. Using a combination of its proprietary NAVIK AI platform and AI & Advanced Analytics services, Absolutdata enables its clients to grow faster, increase profitable revenue, and develop deeper relationships with their customers. AbsolutData Technologies was formed in 2001 and is based in Alameda, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 LigoCyte Pharmaceuticals

Bozeman, Montana, United States

LigoCyte Pharmaceuticals is a privately-held biopharmaceutical company specializing in innovative vaccine products. Its lead product, a vaccine to prevent norovirus gastroenteritis, is in phase I/II of clinical development. LigoCyte Pharmaceuticals was founded in 1998 and is based in Bozeman, Montana.

Sell $60M